Robert Kiyosaki, author of "Rich Dad Poor Dad," suggests that amid Bitcoin's (CRYPTO:BTC) recent price decline, most should sell the cryptocurrency, yet he plans to increase his holdings.
Drawing inspiration from Warren Buffett's long-term investment approach, Kiyosaki views market fluctuations as natural and sees buying opportunities during downturns.
He highlights the tax implications of short-term trading and advocates for a strategic approach akin to Buffett's "buy and hold" philosophy.
Despite Bitcoin's volatility, Kiyosaki remains bullish, previously predicting significant price increases and advocating for its role alongside gold and silver as a hedge against the dollar.